This property looks like a bad Long-Term investment with a projected -20.9% first-year return on $134k initial cash invested.
-20.9%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$2,489
Rent
-$2,325
Cashflow
Cash Flow
$2,489 income − $4,814 expenses = $2,325 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,358
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,489
Total Expenses
$4,814
Mortgage P&I
140%
$3,494
Property Taxes
18%
$441
Home Insurance
9%
$233
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0